Filter by
Sort by
Investment property: IFRS® Standards vs US GAAP
How IAS 40 works, and our Top 5 differences from real estate accounting under US GAAP.
Accounting for proceeds before an asset’s intended use
Amendments to IAS 16 introduce new guidance on property, plant and equipment proceeds before an asset’s intended use.
Coronavirus-related impairment of nonfinancial assets
Updated: FAQs on the impairment of goodwill and long-lived assets as a result of COVID-19.
Financial reporting valuations
Preparing and documenting valuations of businesses and related assets in accordance with financial reporting requirements to maintain compliance and help mitigate risk
Impairment
Implications of COVID-19 on the impairment of nonfinancial assets.
April 21, 2020
IFRS vs. US GAAP: PP&E Component approach
IFRS requires entities to separately depreciate the parts that are significant parts of property, plant and equipment.
IFRS® Accounting Standards first-time adoption for US subsidiaries
When a subsidiary converts to IFRS Accounting Standards later than its parent, optional exemptions apply under IFRS 1.
ASC 842 for equipment lessees
Updated: An executive level overview of the new lease accounting standard for equipment lessees.
Accounting for PP&E under the IFRS component approach
Complex assets often comprise multiple parts that need to be periodically replaced or overhauled during their useful lives.
Hot Topic: Leases
ASC 842 transition complexities from recent economic conditions